Arab Today, arab today china railway ministry secures funds to revive railway projects
Last Updated : GMT 16:22:08
Arab Today, arab today
Arab Today, arab today

China railway ministry secures funds to revive railway projects

Arab Today, arab today

Arab Today, arab today China railway ministry secures funds to revive railway projects

Beijing - Xinhua

China\'s Ministry of Railways (MOR) said on Thursday that it will pay off some of its creditors before Nov. 20 to ensure funding for railway projects that are currently under construction. \"With the support of relevant departments, the MOR has enhanced its fundraising efforts and will soon channel the funds to project contractors,\" the ministry said in a brief statement. However, the ministry did not provide further details. The statement came after media reports claimed the ministry has secured more than 200 billion yuan (31.65 billion U.S. dollars) in financial support to boost investor confidence. Construction on more than 10,000 km of railways was halted in recent months due to a lack of funds, leaving workers without pay, according to media reports. The massive construction halt arrived on the heels of China\'s tight liquidity conditions and a deadly train crash in July in Zhejiang province, which eroded investor confidence and limited the ministry\'s ability to borrow money or sell bonds.

arabstoday
arabstoday

Name *

E-mail *

Comment Title*

Comment *

: Characters Left

Mandatory *

Terms of use

Publishing Terms: Not to offend the author, or to persons or sanctities or attacking religions or divine self. And stay away from sectarian and racial incitement and insults.

I agree with the Terms of Use

Security Code*

Arab Today, arab today china railway ministry secures funds to revive railway projects Arab Today, arab today china railway ministry secures funds to revive railway projects

 



Arab Today, arab today

Name *

E-mail *

Comment Title*

Comment *

: Characters Left

Mandatory *

Terms of use

Publishing Terms: Not to offend the author, or to persons or sanctities or attacking religions or divine self. And stay away from sectarian and racial incitement and insults.

I agree with the Terms of Use

Security Code*

Arab Today, arab today china railway ministry secures funds to revive railway projects Arab Today, arab today china railway ministry secures funds to revive railway projects

 



Arab Today, arab today France defies terrorism through tourism

GMT 15:18 2017 Saturday ,20 May

France defies terrorism through tourism
Arab Today, arab today How to do your own Ramadan corner?

GMT 15:53 2017 Saturday ,27 May

How to do your own Ramadan corner?
View News in Arabic - Business: نفط وبتروكيماويات
Arab Today, arab today
Arab Today, arab today
Arab Today, arab today
Arab Today, arab today
 
 Arab Today Facebook,arab today facebook  Arab Today Twitter,arab today twitter Arab Today Rss,arab today rss  Arab Today Youtube,arab today youtube  Arab Today Youtube,arab today youtube
arabstoday arabstoday arabstoday arabstoday
arabstoday arabstoday arabstoday
arabstoday
بناية النخيل - رأس النبع _ خلف السفارة الفرنسية _بيروت - لبنان
arabstoday, Arabstoday, Arabstoday